Greetings.
Let’s pull up the USD/CAD chart.
The longer term trend is bullish and we hit the 38.2 retracement level from the retracement we’ve been in since August 8.
We may see more retracement down to the 50% level (.9710) or even the 61.8% (.9645), however, once the retracement has completed, look for the pair to continue upwards.
Good luck with trading.
